Page 37 - BizVoice September/October 2012

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September/October 2012 –
BizVoice
/Indiana Chamber
37
JD:
“I think you’re going to see both
the Senate and the House working
to come to a grand bargain to
reduce the deficit and have
significant spending reductions. So
that’s going to be ongoing.
Preparations for that are taking
place right now and will probably
swing into high gear right after the
election. We have got to make sure
federal spending drops significantly
and that we are in a position where
– instead of growing the debt – we
reduce the debt and head toward a surplus.”
RM:
“We’re at this polarizing moment where
both sides see totally different answers.
There was a quote from President Lincoln
prior to the start of the Civil War: ‘The
present agitation must continue until one
side prevails over the other in the public’s
mind.’ The American people need to decide
which agenda they support. Will it be the
Republican agenda, which says we live
within our means, or will it be the Democrat
agenda that wants us on the European
model? Both sides will be making their
arguments until the election and we’ll see
which side prevails. If one side prevails, you’ll see action in that
direction. If not, I think we’re in for more deadlock.”
There have been studies, panels, discussions, etc. regarding how to control federal spending. What
actions need to take place?
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